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| $48 million acquisition of two parcels totaling 113 acres in the Eastmark master-planned community located in the Mesa Gateway submarket |
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| Pat Harlan |
Cornerstone companies assisting in the land acquisition and development include Layton Construction, Kimley Horn, Deutsch Architecture and Snell & Wilmer.
Pat Harlan, Steve Larsen and Jason Moore from the Phoenix office of JLL represented IndiCap in its site selection and land acquisition.
Formed by real estate industry leaders Mike Chernine and Jason Kuckler, the IndiCap development team brings over 100 years of collective experience to the Arizona and Nevada real estate markets.
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| Steve Larsen |
Ostransky is known for his work in the Arizona market and brings over 25 years of experience and a background in bids, negotiations and preconstruction management.
Asmus brings over 20 years of national development management services experience.
AECOM-Canyon Partners, a joint venture partnership between AECOM Capital, the real estate investment arm of global infrastructure firm AECOM, and Canyon Partners Real Estate, the real estate direct investing arm of Canyon Partners LLC, a global alternative asset management firm, is providing joint venture equity capital as well as best-in-class development expertise to the project.
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| Jason Moore |
“This location was strategically selected to allow for easy access through multiple freeway entrances and it offers an incredible opportunity to lease and purchase buildings amongst some of the biggest household names.
"We see Phoenix as an industrial juggernaut in the Western U.S. which could quickly mature into a core market.”
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| Mike Chernine |
Future phases may include the opportunity for build-to-suit. The project is located within the Elliot Road Technology corridor, minutes from a full-diamond interchange at Santan Loop 202 and Elliot Road, as well as the State Route 24 extension.
“This Class A project will meet the needs of a wide range of corporate and advanced manufacturing users, from pharmaceuticals to the semiconductor industry,” said Moore.
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| Jason Kuckler |
"The Southeast Valley represented 47.8% of those deals. This is a region that is primed for growth and IndiCap is well positioned to take advantage of, and continue to drive, that growth.”
Through their strong local relationships, the IndiCap team will continue their pursuit of prime industrial land in the Phoenix metroplex throughout 2022 and beyond.
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| Todd Ostransky |
About IndiCap
IndiCap, founded in 2021, specializes in industrial investment, development, consulting, and management services in Arizona and Nevada, with growth and expansion plans across other Western States.
IndiCap's scope consists of site selection, design, site plans and construction, finance and budgets, and full development services.
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| Aaron Asmus |
AECOM-Canyon Partners is a joint venture between AECOM Capital, the real estate investment management arm of global infrastructure firm AECOM, and Canyon Partners, LLC, a global alternative asset management firm with over $27 billion in assets under management.
AECOM-Canyon Partners was established to develop large-scale, institutional quality commercial real estate projects in top U.S. markets.
In addition to capital, AECOM-Canyon Partners provides best-in-class design, construction management and engineering expertise as well as credit support for its development partners.
CONTACTS:
Stacey Hershauer
focusAZ
P 480.600.0195
Stephanie Ceccarelli, MassMedia
702-433-4331
AECOM-Canyon Partners
Kris Cole
310-652-1411
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